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    Fisher321's Avatar
    Fisher321 Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Jan 22, 2007, 01:50 PM
    Cash Balance
    X Company had a beginning cash balance of $14,000 on January 1, 2005. During January, the company recorded debits of $23,000 and credits of $25,000 to the cash account. The ending cash balance on January 31 would be a
    a. Debit balance of $16,000
    b. Credit balance of $16,000
    c. Debit balance of $12,000
    d. Credit balance of $12,000
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    Jan 22, 2007, 10:06 PM
    14K + 23K - 25K = 12,000

    c. Debit balance of $12,000
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